US market indexes open slightly lower, led by declines in energy stocks as price of oil falls

NEW YORK, N.Y. – Stocks are opening slightly lower, led by declines in the energy sector as the price of oil continues to fall.

The Standard & Poor’s 500 index fell three points, or 0.2 per cent, to 2,014 as of 9:35 a.m. Eastern time Tuesday.

The Dow Jones industrial average fell four points, less than 0.1 per cent, to 17,361. The Nasdaq composite fell 12 points, or 0.3 per cent, to 4,625.

Energy stocks fell more than the rest of the market as the price of crude oil moved lower again. Chevron fell 1 per cent, the most of the 30 stocks in the Dow.

U.S. crude fell $1.53, or 2 per cent, to $77.24 a barrel in New York.

Bond prices didn’t move much. The yield on the 10-year Treasury note was little changed at 2.34 per cent.